Regulacje rynkowe · 17.12.1996
Proposed Rulemaking Concerning Contract Market Rule Review Procedures
The Commodity Futures Trading Commission (``Commission'') is proposing a rulemaking which would amend the Commission's procedures relating to its review of those contract market rules that do not relate to contract terms and conditions. A separate proposal is currently pending for rules relating to terms and conditions. The instant proposal would shorten the Commission's time frame for reviewing complex rules and streamline the review process so that such rule changes generally could be deemed approved or be permitted to be put into effect without Commission approval. Specifically, all such rule changes meeting the form and content requirements would be deemed approved or be permitted to be put into effect without approval ten days after Commission receipt, unless the Commission took action to commence review of the proposal for a 45-day period (or a 75-day period in the case of rules published for comment in the Federal Register) or the contract market agreed to another, specified review period. At the end of such a period, a proposed rule meeting the form and content requirements would be deemed approved or become effective without approval unless the Commission informed the subm